Property Tax Lawyers in Columbus
Columbus, Mississippi laws require that most owners of real property pay taxes on its value. "Real property" refers to building and land, and objects (like natural resources) that are permanently adhered to the land.
The property tax in Columbus, Mississippi is simply a percentage of a piece of property's appraised value, paid to the state and/or local government on a periodic - normally annual - basis.
The federal government almost never imposes property taxes directly. Property taxes are collected nearly exclusively by state, county, and local governments.
How Property Tax is Calculated in Columbus, Mississippi
Columbus, Mississippi property taxes are normally calculated as a percentage of the value of the taxable property. Rates vary widely across the country, normally ranging from less than 1% at the low end, to about 5% at the high end.
To collect the property tax in a fair and consistent manner, Columbus, Mississippi tax authorities need to have an objective formula for determining the value of land under its jurisdiction.
Value, in some ways, is not an objective thing. For example, your childhood home is probably worth much more to you than its simple market value. However, the tax authorities use only objective factors in calculating a home's taxable value.
There are many different ways to value property using objective factors. Typically, the appraiser in Columbus, Mississippi will consider the current state of the real estate market, the size of the property, any improvements (buildings, roads, etc.) that have been made on the property, and the manner in which the property may be legally used (zoning).
How A Columbus, Mississippi Property Tax Attorney Can Help.
The system of levying property taxes in Columbus, Mississippi can get fairly difficult. Disputes about property taxes, between the taxpayer and the tax authorities, can come up in many different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Furthermore, the state or city government might allege that you have failed to pay your property taxes, while you believe that you have.
If one of these contentions affects you and your property in Columbus, Mississippi, you should make every effort to properly handle it. This can prevent small issues from growing into large ones. The best way to do this is to seek the advice of a brilliant Columbus, Mississippi tax attorney who specializes in property tax law.